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GMA Network, Inc.

GMA Network, Inc.

GMA Network Incorporated is one of the two media conglomerates dominating the Philippine media landscape. Like its closest competitor, ABS-CBN Corporation, the network also has cross-media ownership and has a very strong presence across TV, radio, and online media.

The network began as a radio station that made its first broadcast on March 1, 1950. It was owned by an American, former war correspondent Robert La Rue Stewart, who later put up Republic Broadcasting System (RBS). Stewart would later be known on TV as “Uncle Bob.” 

Stewart got embroiled in politics when, in 1961, the presidential candidate he was perceived to be supporting, the then incumbent president Carlos P. Garcia, lost to Diosdado Macapagal, who threatened to deport him. Stewart was then the host of the Uncle Bob's Lucky 7 Club show, and it was during the program that he announced he was leaving the country.  Children and their parents rallied behind him, forcing the government to stop the persecution of Stewart.

When then president Ferdinand Marcos imposed martial law on Sept. 21, 1972 and shut down the media, Stewart’s RBS was one of those allowed to operate, but it had to apply for a government permit every three months.

RBS was losing money then and it did not help that the 1973 Constitution limited ownership and management of mass media to citizens of the Philippines. Stewart ceded control of the station in 1975 to his lawyer Felipe Gozon, Gozon’s brother-in-law Menardo Jimenez, and Gilberto Duavit, Sr., Gozon’s friend and one of Marcos’ presidential assistants.

The three renamed RBS into GMA for Greater Manila Area, the initial coverage area of the station which was later changed into Global Media Arts.

Under the triumvirate’s leadership, the network flourished and became competitive. In 2007, the company went public but the Gozon, Jimenez, and Duavit families retained ownership and control of the network.

Its declared revenue for 2015 was P13.727 billion ($293 million).

Today, Felipe Gozon sits as chair and chief executive officer of of GMA Network Incorporated while Gilberto Duavit Jr., son of Duavit Sr., sits as its president and chief operating officer. Joel Marcelo Jimenez, second son of Menardo Jimenez has been a director of the network since 2002.

GMA Network Incorporated forms a duopoly in the Philippine media landscape together with its closest competitor ABS-CBN Corporation, with the two giants capturing 80.72 percent of the television audience in the Philippines. It co-owns GMA News TV with Zoe Broadcasting Network Incorporated, a media company owned by Christian pastor Eduardo Villanueva and his family.

GMA Network’s flagship radio stations are DZBB 594 on the AM band and 97.1 in the FM band.

Key facts

Mother Company

Group Management Development, Incorporated; GMA Holdings, Incorporated

Business Form

Private

Legal Form

Corporation

Business Sectors

Group Management Development, Incorporated is into "general contracting business", mass media, and entertainment.

Ownership

Group Management Development, Incorporated

Group Management Development, Incorporated states "general contracting business" in its Securities and Exchange Commission documents, it is owned by the Duavit family.

23.5%
Other Media Outlets

Other Print Outlets

Missing Data

Other TV Outlets

TV-7 Metro Manila (GMA)

Other Radio Outlets

Manila - Frequency (MHz) 97.1

Other Online Outlets

<www.iGMA.tv> www.iGMA.tv redirecting to <http://www.gmanetwork.com/entertainment/> http://www.gmanetwork.com/entertainment/

Facts

Media Business

TV, Music & Film Production

GMA New Media, Inc. (NMI) (100%)

Online publishing/advertising

Mediamerge Corporation (100%)

Philippine Entertainment Portal, Inc. (PEP) (50%)

Sports betting and broadcasting

Gamespan, Inc. (50%)

Broadcasting

RGMA Network, Inc. (49%)

Business

Real estate

Mont-Aire Realty and Development Corp. (49%)

Marketing

GMA Worldwide (Philippines), Inc. (100%)

General Information

Founding Year

1950

Founder

Robert La Rue Stewart

Affiliated Interests Founder

A former American war correspondent, Stewart was known for his radio and TV personality “Uncle Bob.”

Employees

2,589 (including radio and other units, as of June 30, 2014)

Contact

GMA Network Center, EDSA corner Timog Avenue, Diliman, Quezon City, 1101 PhilippinesTelephone Number: +632-982-7777

Tax/ ID Number

000-917-916-000V

Financial Information

Revenue (Financial Data/ Optional)

293 Mil $ / 13.73 Bil P

Operating Profit (in Mill. $)

63.65 Mil $ / 2.98 Bil P

Advertising (in % of total funding)

264.61 Mil $ / 12.4 Bil P

Management

Executive Board

Felipe L. Gozon - Chairman of the Board of Directors and Chief Executive Officer of GMA Network, Incorporated, Senior Partner at the Law Firm of Belo Gozon Elma Parel Asuncion & Lucila, Chairman and CEO of GMA Marketing and Productions, Inc. and GMA New Media, Inc., Chairman and President of FLG Management and Development Corp., Chairman of Alta Productions Group, Inc., Citynet Network Marketing and Productions, Inc., Mont-Aire Realty and Development Corp., Philippine Entertainment Portal, Inc., and RGMA Network, Inc., Vice Chairman of Malayan Savings and Mortgage Bank, Director of Gozon Development Corp., Justitia Realty and Management Corp., Antipolo Agri-Business and Land Development Corp., Capitalex Holdings, Inc., BGE Holdings, Inc., Philippine Chamber of Commerce and Industry, Chamber of Commerce of the Philippine Islands and President of Lex Realty, Inc., among other companies. Chairman of the Board of Trustees of GMA Kapuso Foundation, Inc., Kapwa Ko Mahal Ko Foundation, Inc., and The Potter and Clay Christian School Foundation, Inc., Chairman and President of Gozon Foundation; and Trustee of Bantayog ng mga Bayani Foundation, Advisory Board Member of the Asian Television Awards.

Non-Executive Board

Artemio V. Panganiban - Independent Director since 2007, Chief Justice of the Philippines from 2005 until December 2006, Independent Director of the following: First Philippine Holdings Corp., Metro Pacific Investments Corp., Manila Electric Company, Robinsons Land Corp., GMA Holdings, Inc., Philippine Long Distance Telephone Co., Petron Corporation, Bank of the Philippine Islands, Asian Terminals, regular Director of Jollibee Foods Corporation, Senior Adviser of Metropolitan Bank, Chairman, Board of Advisers of Metrobank Foundation, Adviser of Double Dragon Properties, Chairman of the Board of the Foundation for Liberty and Prosperity, President of the Manila Cathedral Basilica Foundation, Chairman Emeritus of Philippine Dispute Resolution Center, Inc., and Member, Advisory Board of the World Bank (Philippines) and of the Asian Institute of Management Corporate Governance Council, column writer at The Philippine Daily Inquirer.

Supervisory Board

Missing Data

Other Influential People

Missing Data

Further Information

Headlines

GMA-7 sues ABS-CBN over ratings manipulation story (2007), Accessed 20 August 2016

Active Transparency

company/channel informs proactively and comprehensively about its ownership, data is constantly updated and easily verifiable

4 ♥

Meta Data

GMA Network, Incorporated is a publicly listed corporation and is required by law to disclose all company details.

The Securities Regulation Code, Republic Act 8799, which was enacted into law in 2000, lays down stringent disclosure requirements for companies that wish to make a public offering or that are already publicly listed, including who its beneficial owners are.

The Securities and Exchange Commission’s Memorandum Circular No. 11, series of 2014, requires all publicly listed companies to post on their websites the following information, among other things:
1) Company profile, mission and vision, Board of Directors, organizational structure, shareholding structure, Articles of Incorporation and By-Laws;
2) The disclosures required by the SEC, including periodic reports, statement of beneficial ownership and the General Information Sheet;
3) Manual on Corporate Governance, Annual Corporate Governance Reports;
4) Company policies on whistleblowing, conflict of interest, insider trading, related party transactions, health and welfare of staff;
5)Investor relations programs and shares, including the total outstanding shares, exchanges where the shares are listed, and the top 20 shareholders of the company.
Conversion rate on Dec. 31, 2015: P 46.86 .
Audience share based on Nielsen’s National Urban TV Audience Measurement (TV, Jan-August 2016), Nielsen's Consumer and Media View (Print, Jan-August 2016), Audience share from Nielsen's Radio Audience Measurement (Radio, Jan-August 2016), Effective Measurement (2016)
Founding year based on date of incorporation as reflected in the Securities and Exchange Commission documents.

Sources

Financial Statement of GMA Holdings Incorporated (available upon request at SEC) (2016), Securities and Exchange Commission (SEC)

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